Oswal Pumps Limited has submitted its quarterly monitoring agency report for the quarter ended December 31, 2025, prepared by ICRA Limited as the appointed monitoring agency. The report covers the utilization of proceeds raised through the company's Initial Public Offer conducted in June 2025. ICRA Limited confirmed no material deviation from the objects of the issue, with all utilization proceeding in line with the disclosed purposes in the prospectus.

IPO Details and Proceeds Structure

The company's Initial Public Offer was conducted from June 13, 2025, to June 17, 2025, involving the issue of 22,595,114 equity shares of face value INR 1 each. The total issue size aggregated to INR 1387.34 crore, including an Offer for Sale (OFS) portion. The net proceeds available for monitoring amounted to INR 890.00 crore, with net proceeds as per prospectus totaling INR 841.514 crore.

Quarterly Utilization Progress

During Q3FY26, Oswal Pumps Limited utilized INR 24.263 crore across various objects of the issue. The cumulative utilization reached INR 550.362 crore, leaving INR 339.638 crore unutilized from the total net proceeds of INR 890.00 crore.

Deployment of Unutilized Funds

The company has deployed its unutilized proceeds totaling INR 361.211 crore across various fixed deposits and bank accounts. The funds are primarily invested in fixed deposits with Axis Bank and State Bank of India, earning returns ranging from 6.25% to 6.40%. The total market value of these investments as of December 31, 2025, stood at INR 362.387 crore, including earnings of INR 1.176 crore.

Implementation Timeline and Compliance

ICRA Limited confirmed that all objects remain on schedule with no delays reported. The implementation timeline spans FY26 to FY27, with most objects targeted for completion within FY26. The monitoring agency verified that all government and statutory approvals related to the objects have been obtained, and technical assistance arrangements are operational.

General Corporate Purpose Utilization

Under the General Corporate Purpose category, the company utilized funds for various operational requirements including loan repayments, bill discounting payments, and vendor payments. Major utilizations included repayment of loans from Citi bank (INR 27.800 crore), payments for bill discounting through SBI (INR 49.863 crore), and payments to subsidiary Oswal Solar Structures Private Limited.

The monitoring report confirms the company's adherence to regulatory requirements under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, with ICRA Limited providing objective oversight of the proceeds utilization process.

Oswal Pumps Limited has officially notified stock exchanges about its upcoming board meeting scheduled for February 07, 2026. The meeting will focus on reviewing and approving the company's third-quarter financial performance for the fiscal year 2026, marking a significant milestone in the company's quarterly reporting cycle.

Board Meeting Details

The board meeting has been convened in accordance with regulatory requirements under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company filed the disclosure under Regulation 29 and 33, ensuring full compliance with listing obligations.

Trading Window Restrictions

Oswal Pumps Limited has maintained its trading window closure for designated persons as part of standard regulatory compliance. The restriction affects multiple categories of individuals associated with the company.

Affected Personnel Categories:

• Promoters and directors
• Key managerial personnel
• Designated employees
• Other connected persons

The trading window closure, initially announced on December 27, 2025, will continue until Monday, February 09, 2026. This two-day extension beyond the board meeting date ensures adequate time for result dissemination and market absorption.

Regulatory Compliance

The announcement demonstrates Oswal Pumps Limited's commitment to maintaining transparency and adhering to SEBI guidelines. Company Secretary and Compliance Officer Anish Kumar signed the disclosure document on January 30, 2026, ensuring timely communication to both BSE Limited and National Stock Exchange of India Limited.

Company Profile

Oswal Pumps Limited operates as a manufacturer and exporter specializing in water management solutions. The company's product portfolio encompasses submersible pumps, centrifugal pumps, solar water pumps, electric motors, and submersible cables, serving solar, domestic, agriculture, and industrial segments.